Nautical Term: Panamax Market
Definition of Panamax Market
The Panamax Market refers to the specific category of vessels that are dimensionally maximum for passing through the Panama Canal.
For instance, in a discussion about the latest trends in global maritime trade, a shipping industry analyst might remark, Although the Suezmax and Aframax vessels continue to dominate the world merchant fleet, the demand for Panamax vessels, which are optimally sized for traversing the Panama Canal, is steadily increasing due to growing trade between Asia and Europe.
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